News is interpreted in certain way in cryptocurrency, and the direction of price could be determined by positive or negative news that is why you here this saying that goes like this : Buy the rumour and sell the news.
I agree.That is why you have to make a close monitoring on the price market so you won't be easily lured by the negative news around.Atleast you should know the right timing to trade so you can make big gains and not huge losses. 
Topic: Do Not Trade By The News, Follow The Price Action - page 22. (Read 19599 times)
Yes of course, do not trade by the news because some of the news are fake that spread out easily and also it is most appropriate to depend to the price action.
Through this you can be able to see which is the most reliable by its outcome. Another thing price actions tells most accurate what happen in the cryptocurrency.
Through this you can be able to see which is the most reliable by its outcome. Another thing price actions tells most accurate what happen in the cryptocurrency.
News is interpreted in certain way in cryptocurrency, and the direction of price could be determined by positive or negative news that is why you here this saying that goes like this : Buy the rumour and sell the news.
Sometimes we need to read news about what is the latest trends for altcoins but of course we need to study and analysts about the news trends to avoid loses before buying the coins
That is why we can't miss any news about bitcoin, because it can really affect with it especially if bad news come. So we not late if price dumped or pumped by news when good news come. 
Sometimes we need to read news about what is the latest trends for altcoins but of course we need to study and analysts about the news trends to avoid loses before buying the coins
It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction.
this depends on the news, for example in the case of altcoins is very important to follow the news and even if bitcoin was so in the past, but today in the case of bitcoin are few news that are able to cause the price to rise, but are many news that can make the price fall.
Ignoring the news entirely is only going to lead you to going broke.
I agree, imagine if USA banned bitcoin? we will immediately see the whole crypto market bleeding
false news...
In the crypto world it's full of this
both are very necessary, especially if we are a newbie in trading. reading news is something that is needed to add insight and strengthen predictions, besides that we also need to be able to analyze prices so as not to get stuck with false news that can incite thought.
"Buy the rumor sell the news" only do that in caution. Any trade move should be purely based in technical analysis another addition factor should only be a few of the consideration of the trade. It is essentials that we are not biased with news since it can make the trade doesn't go like a plan.
Buy the rumor 
i like it because it always happen, when rumor still come price can increased so fast but when actual news come, it go back down again. Sometime i follow that thing because it is profitable
I think any analysis before trading is important. If the fundamental analysis is working at the moment - it is better to continue doing the same way. But even if you do not trade according to news analysis it is better to have an insight of it to track a state of a market during a change of a general strategy.
Fake news are already spreading in all areas but if you want to make a good profit in trading,do not depend much on the news around,instead focus more on the price chart and analyze its price movement so you will have an idea on what direction will be the next target of that certain coin and you can also minimize losing your money too.Following price action at least, by looking at the emotions on the chart, the response of traders and swinging based on that has always been the best move for me, than following news. With that, at least with some good strategies when it comes to understanding the importance of managing risks as well, it has become a top notch approach at least for me.
Following the price actions is the reality of our trading ventures which most experience holders grabbed all the time. They doesn't care for any bad market movements, because buying and selling is their common trade strategies. Those people who trade and depend by the news was just like a little baby being spoon feed by uncertain news updates.
"Buy the rumor sell the news" only do that in caution. Any trade move should be purely based in technical analysis another addition factor should only be a few of the consideration of the trade. It is essentials that we are not biased with news since it can make the trade doesn't go like a plan.
Buy the rumor i like it because it always happen, when rumor still come price can increased so fast but when actual news come, it go back down again. Sometime i follow that thing because it is profitable 
Despite the fact that I often read news and value information, I still prefer OP. This doesn't means you don't have to read news, no, you have to carefully read each one, I have a little bit different vision. People react on news, usually they are in panic if news is bad, you have to decide how much impact that news will have on people. This way you'll profit too.
I tell you, it's bad advice to tell traders not to pay heed to news and only trade PA. I used to only listen to news in my early trading days but later felt it was pointless and that I had to rely on TA alone. That experience showed me how wrong I was basing my decisions on news alone, or on TA alone. Now, I combine both. Most times, it's even the news that drives PA when you examine it critically. Price Action is good. News is also good. No one is better than the other. To be successful trading, you must have to combine both.
Yes, absolutely! This is of course a good advice bad sadly not many people apply it when it comes to trading, particularly because they start getting anxious very quickly and that overwhelms some pple.
Of course, the most important thing in trading, which should be taken into account, is the analysis of prices through technical analysis. But don't underestimate the news, as the news has a huge impact on the growth or fall in prices. Of course, no one can certainly say how this or that news affects the price, but important news will definitely have a strong impact. And in general, if the news is positive, then it should not be difficult for the trader to guess that it will positively influence the price increase (and vice versa, if the news is negative, it will negatively affect the price).
It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Yes, perhaps you need to pay less attention to this! If it's the stock market, then there's news play a big role, and assets react normally! If this is a cryptocurrency market, then you should expect anything. It's hard to tell where the news is true and where is fake. And this is a big minus, as recently said in the news , bitcoin is highly dependent on the news feed, whatever it may be. And you need to really be able to distinguish the news to try to trade purely on them.
"Buy the rumor sell the news" only do that in caution. Any trade move should be purely based in technical analysis another addition factor should only be a few of the consideration of the trade. It is essentials that we are not biased with news since it can make the trade doesn't go like a plan.
Most of the time the market will get reacted to news so if you are a trader you also need to look out for the news as well which can give you good profits but also the price axction is hard to trace because it is not moving in one direction all the time so it will depends on the effectivness of that news.
If the positive news come about cryptocurrency,for example bitcoin. The price of bitcoin in the market will reach the moon in short period.
For this reason,most of the traders use to trade based on the news.If any negative about bitcoin came,the price of bitcoin will fluctuates in negative. Most of the time so it will depends on the effectivness of that news.
It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
This is why you do called it as an analysis and its normal for a human being on having these presumptions or to act according on what they do hear or see when it comes to news.We can presume things on what would happen next basing on the news.I cant really deny even myself do really reacts too much on news and making movement or positions basing on the possible thing to happen.I can say that price actions will be precise anytime and as being said it can break your expectations anytime.Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Both of these are actually important things in trade. The news also usually contributes to price changes in the market but we must be smart in filtering the news and don't believe it, keep looking for the truth and do own analysis.
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